There are indications that only two per cent of Nigerian heavy energy users, especially those in the industrial sector, are investing towards reducing Co2 emission as most of them are focused on boosting their profit margins.
Indeed, foreign investors are worried that many Nigerian companies are not contributing so much to reducing carbon emission as practiced in other climes.
Speaking on the sidelines of the fifth Manufacturers Association of Nigeria (MAN) energy efficiency network meeting jointly hosted by the European Union and GIZ in Lagos, the Quality, Health and Safety Environment (QHSE) Manager, Uraga Power Solutions Limited, a subsidiary of Honeywell Group, Adeyemi Akolade, said while the percentage is speculative without supporting data, a larger percentage of Nigerian companies are not aware of Co2 reduction.
